AdaptMY

Our Mission:

To empower older adults, those with disabilities, and their support networks everyday.

We combine enabling technology, assistive devices, and home modification strategies to support individuals and boost existing assistive services like never before.

Providing the tools to help one live independently and safely on their own terms. Increasing both their long-term emotional and financial well being.

ChAnging Population

Increasing Number Older Americans

This trend is beginning to place stress on existing private and public assistive services.

Increasing Rates of Those With Chronic Conditions

The aging journey leads to an increased risk for chronic medical conditions.

Increasing Numbers of Americans With A Disability

Older adults are significantly more likely than younger Americans to have a disability

This growing percentage of susceptible older adults is in addition to the 61 million (1 in 4 adults) Americans that live with one disability.

Shortage Of Care

This growing population and other macro factors is projected to cause a continual increase healthcare in costs. Concurrently assistive services and a limited number of healthcare providers will struggle to keep up with demand.

Direct Care Workers

While also outpacing available direct care workers. Direct care works include personal care aides, home health aides and nursing assistants.

The Bureau of Labor Statistics estimates that an additional 1.1 million direct care workers will be required by 2024, a 26% increase from 2014.

While the numbers of those who tend to fill these jobs, overwhelmingly women age 25 to 64, will increase at a much slower rate.

Nurses Shortage

American Association of Colleges of Nursing is reporting that "over the next 20 years, the average age of RNs will increase and the workforce will plateau as RNs retire." This is precisely why the Bureau of Health Professions projected back in 2005 that the nursing shortage will worsen, and this nation may ultimately see a shortfall of 800,000 nurses by 2020.

Assisted Care Facility Shortage

According to the Department of Health and Human Services, of the 76 million baby boomers who are heading toward retirement, roughly 70 percent (about 54 million people) will need some form of long-term care, with close to 13 million of those needing a stay of longer than three years in a skilled nursing facility.

With an occupancy rate of 89 percent — leaving fewer than 300,000 beds available across the country — how will these 13 million people find a way into those vacant beds?

What does this Mean?

The private and public financing options available for long-term care are surprisingly limited. There isn’t a universal solution to cover the increasing costs of care.

Making investments in products and services today will help mitigate many of these growing future expenses.